Two Plead Guilty to Fraud Charges
Related to Charter One Acquisition

By

Robert Tomsho Staff Reporter of The Wall Street Journal

Updated Nov. 4, 2005 5:37 p.m. ET

BOSTON -- U.S. Attorney Michael J. Sullivan said a husband and wife from Natick, Mass., pleaded guilty in a federal court here to securities-fraud charges in connection with an alleged insider trading scheme.

Mr. Sullivan said Shengnan Wang, 29 years old, and Hai Liu, 31, each pleaded guilty to one count of securities fraud in connection with a scheme linked to Citizens Financial Group Inc.'s 2004 acquisition of Charter One Financial...